Calif. Film Credits Dry Up; So Does Production
Illustrating how dependent the local film and TV industry has become on tax credits, FilmL.A., the semi-official agency that coordinates the issuance of permits for location shooting in the Los Angeles area, said that overall production activity fell 20 percent last week compared with the comparable week a year ago. Feature film production took the worst hit -- down 35 percent from a year ago. The Los Angeles Times attributed the decline in part to the "winding down of productions that received state tax credits." Daily Variety quoted FilmL.A. chairman Ed Duffy as saying, "The latest data suggest a softness in the industry but not a full loss of momentum. ... Pilot production is up, and we have a couple big features in production, so we're optimistic about a better set of numbers come July.The California Film Commission is due to dole out its next batch of tax credits on June 2.